posted
i sold at 100% gain yest. and what hppnd throughout the day it kept goin' up, i'm not looking to make the same mistake again today i will hold
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posted
That was a GREAT PR. I loved the PPS figures that were thrown around. It's hard to love these things but i'm on my way to the jewlry store to buy an engagement ring for this Co.
-------------------- If ignorance is bliss, why aren't more people happy?
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quote:Originally posted by amswap: You usually jump in when you see one start moving like this. Still staying away from the pinks?
Funny.. I only saw it up 60% yesterday and considered it but held back... playing a little more cautious I guess for now. Looking for plays BEFORE they run.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
Sorry you missed this one Repo. My first real chance to gain so many losses over the past few months since I always got in them too late and held too long. I'm riding free shares on this puppy and can't wait 'til the adorable thing grows up!!!
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FGFC 0.028 0.006
Today 5d 1m 3m 1y 5y 10y
MER 70.40 -0.59
Today 5d 1m 3m 1y 5y 10y
First Guardian Financial Corporation to Formulate Share Buyback Program First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has directed executive management on Wednesday, June 7, 2006, to formulate a share buyback program to further reduce the company's outstanding/float of common shares.
The company's executive management will prepare a proposed share buyback program within the next week per the Board of Directors request, management will attempt to budget/spent up to 0.06 (cents per share) to purchase/buyback on the open market (of its shares) up to (25,000,000) twenty five million of its shares, thus further reducing the company's outstanding/float to 53,331,916 shares. "This directive reflects the continued commitment of First Guardian Financial Corporations management and Board of Directors to reduce the outstanding/float and restrict any dilution while creating maximum value for our current and future shareholders," said Abraham Rosenman, President.
At the same meeting, the board directed executive management to review its opportunities with Alliance Financial Services (they are under retainer to the company) to provide acquisition and/or merger funding via self liquidating zero coupon bonds, the process is very appealing as the bonds (AAA Rated) are purchased through brokers such as Merrill Lynch, Credit Suisse or other major brokerage houses and financed by The Bank of Israel or other major banking institutions and will provide another valuable source of financing for further growth, without diluting the company's shares.
"The Board of Directors has directed me to reduce the outstanding/float shares as much as I can to a pre forward split price of at least 0.90 to 1.00 per share, given this task I will continue to seek opportunities to reduce the outstanding/float shares as much as possible, while creating/increased revenues and value for the company," said Abraham Rosenman.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
quote:Originally posted by Volatile Puppy: you mean tomorrow?
Just about any morning, but in this case it would be tommorrow. You might have a chance to get in at under .03 for a little while this afternoon, but I don't see it going below .02 again from here.
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posted
Is all this movement due to the buyback or because of the company itself? And is it going to just keep blasting away toward the stars? I mean, at what point would a reasonable and rational man estimate a peak?
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